Oil stocks are consolidating in a falling wedge, which also suggests a bullish resolution.

SummaryThe energy sector is on a major buy signal. Prices are now in our buy zone. We are holding energy sector ETFs for long-term gains.

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Jack Chan is the editor of simply profits at www.simplyprofits.org, established in 2006. Chan bought his first mining stock, Hoko Exploration, in 1979, and has been active in the markets for the past 37 years. Technical analysis has helped him filter out the noise and focus on the when, and leave the why to the fundamental analysts. His proprietary trading models have enabled him to identify the NASDAQ top in 2000, the new gold bull market in 2001, the stock market top in 2007, and the U.S. dollar bottom in 2011.

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